Siemens AG Österreich has sold its fully owned subsidiary, VA TECH WABAG Österreich, for an undisclosed sum to the Indian Chemnai-based VA TECH WABAG India Ltd. VA TECH WABAG India is held by Indian private equity house ICICI Venture Funds Management Company Ltd., the venture branch of Indian private bank ICICI Bank. VA TECH WABAG specialises in planning, completing, and operating drinking water and wastewater plants for both the municipal and industrial sectors.
Company plans to open offices in New York and Los Angeles, and launch a new SaaS product
Bridges drew equity from its Evergreen fund, which held a final close on £50m in July 2018
Fund targets European companies operating in the consumer, industrial and healthcare services sectors
GP launched a small-cap strategy in Q3 to back companies of the size of ID Systemes